Last update: Oct 2026

Cost of Living Comparison Between Budapest and Egilsstadir

For one person, living is cheaper in Egilsstadir: $623 a month against $1,621 in Budapest, rent and utilities included – about $12,000 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Budapest
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Budapest Living Index

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Budapest

🇭🇺 Hungary

$1,621

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Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Monthly Cost of Living

How much you'll spend in Budapest and in Egilsstadir

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Budapest and in Egilsstadir actually costs, broken down by who's living it.

A single person spends $1,621 per month in Budapest vs $623 in Egilsstadir, rent included.

Budapest $1,621
Egilsstadir $623

A couple spends around $2,555 per month in Budapest vs $1,044 in Egilsstadir, rent included.

Budapest $2,555
Egilsstadir $1,044

A family of three spends $3,489 per month in Budapest vs $1,465 in Egilsstadir, rent included.

Budapest $3,489
Egilsstadir $1,465

Budapest costs about 160% more than Egilsstadir, and outside of rent the biggest gap is in groceries.

Budapest sits 21% above the global median, while Egilsstadir is 53% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$13.99 Ft 4,555

Three-Course Dinner for Two, Mid-Range

$60.3 Ft 19.7K

Fast Food Meal (McDonalds, etc)

$9.96 Ft 3,244

Cappuccino

$3.38 Ft 1,102

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.13 Ft 693

Water (0.33 liter bottle)

$1.87 Ft 609

Local Beer (0.5 liter draught)

$3.75 Ft 1,222

Imported Beer (0.33 liter bottle)

$3.57 Ft 1,163

Milk (1 liter)

$1.13 Ft 369

$1.70 ISK 207

-33.53%

White Bread (500g)

$1.84 Ft 600

$2.85 ISK 348

-35.44%

Rice (white) (1kg)

$2.39 Ft 777

$2.48 ISK 302

-3.63%

Eggs

$3.83 Ft 1,246

$5.85 ISK 712

-34.53%

Local Cheese (1kg)

$11.33 Ft 3,689

$22.28 ISK 2,715

-49.15%

Chicken Fillets (1kg)

$6.74 Ft 2,194

$33.23 ISK 4,049

-79.72%

Beef Round Steak (1kg)

$14.69 Ft 4,784

$43.56 ISK 5,308

-66.28%

Apples (1kg)

$1.84 Ft 598

$2.70 ISK 328

-31.85%

Banana (1kg)

$2.01 Ft 654

$2.45 ISK 298

-17.96%

Oranges (1kg)

$2.36 Ft 767

$2.54 ISK 309

-7.09%

Tomato (1kg)

$3.77 Ft 1,227

$3.85 ISK 469

-2.08%

Potato (1kg)

$0.96 Ft 314

$4.40 ISK 536

-78.18%

Onion (1kg)

$1.03 Ft 335

$2.11 ISK 257

-51.18%

Lettuce (1 head)

$1.56 Ft 509

$2.20 ISK 268

-29.09%

Water (1.5 liter bottle)

$0.66 Ft 216

$2.22 ISK 270

-70.27%

Cigarettes 20 Pack (Marlboro, Camel)

$7.96 Ft 2,594

Wine (Bottle)

$6.01 Ft 1,956

$22.37 ISK 2,726

-73.13%

Local Beer (0.5 liter bottle)

$1.30 Ft 422

$3.99 ISK 486

-67.42%

Imported Beer (0.33 liter bottle)

$2.08 Ft 677

$3.56 ISK 433

-41.57%

One-way Ticket (Public Transport)

$1.50 Ft 490

Public Transport Monthly Pass (Regular Price)

$27.61 Ft 8,991

Taxi Start (Normal Tariff)

$3.30 Ft 1,075

$6.11 ISK 744

-45.99%

Taxi (Normal Tariff) (1km)

$1.30 Ft 424

Taxi 1hour Waiting (Normal Tariff)

$19.78 Ft 6,442

Gasoline (1 liter)

$1.81 Ft 591

$2.33 ISK 284

-22.32%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$29.3K Ft 9.6M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$34.1K Ft 11.1M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$170 Ft 55.3K

SIM Card Monthly Plan (Calls and 10GB+ Data)

$23.98 Ft 7,809

Internet (50+ Mbps, Unlimited Data)

$23.42 Ft 7,628

Gym Membership (Monthly)

$66.2 Ft 21.6K

Tennis Court (1 Hour on Weekend)

$19.18 Ft 6,245

Cinema Ticket

$9.52 Ft 3,101

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$537 Ft 174.8K

International Primary School, 1 Child (Yearly)

$16.6K Ft 5.4M

Jeans (Levis 501 Or Similar)

$101 Ft 33.0K

Summer Dress (H&M, Zara, etc)

$42.99 Ft 14.0K

Sport Shoes (Adidas, Nike)

$113 Ft 36.7K

Men's Leather Business Shoes

$119 Ft 38.7K

1-bedroom Apartment, City Center (Monthly)

$805 Ft 262.2K

1-bedroom Apartment, Outside City Center (Monthly)

$629 Ft 204.9K

3-bedroom Apartment, City Center (Monthly)

$1,549 Ft 504.6K

3-bedroom Apartment, Outside City Center (Monthly)

$1,167 Ft 380.1K

Buy Apartment in City Center (m2)

$5,618 Ft 1.8M

Buy Apartment Outside City Center (m2)

$3,968 Ft 1.3M

Average Monthly Net Salary (After Tax)

$1,626 Ft 529.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

6.43

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Budapest: October 5, 2026

Last update for Egilsstadir: October 5, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Budapest

$629 38.7%

Egilsstadir

–

Groceries & Markets

Budapest

$258 15.8%

Egilsstadir

–

Eating Out

Budapest

$224 13.8%

Egilsstadir

–

Monthly Utilities & Internet

Budapest

$217 13.4%

Egilsstadir

–

Clothing & Footwear

Budapest

$169 10.4%

Egilsstadir

–

Sport & Entertainment

Budapest

$85 5.2%

Egilsstadir

–

Getting Around

Budapest

$43 2.7%

Egilsstadir

–

Good to know

🇭🇺 Budapest

🇮🇸 Egilsstadir

🕒 Local time

09:12 9:12 AM

07:12 7:12 AM

2 h behind Budapest

🌤 Weather

👥 Population

1,686,222 Capital

2,500

💱 Currency

Hungarian Forint HUF Ft

Icelandic Króna ISK kr

📈 Exchange rate

1,000 HUF = 3.07 USD

1,000 HUF = 2.74 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD, EUR to HUF – Hungarian Forint Converter

🇺🇸 United States Dollar ($)

🇭🇺 Hungarian Forint (Ft)

Hungarian Forint exchange rates as of October 10, 2026: 1 USD = 326 HUF (1,000 HUF = 3.07 USD). 1 EUR = 365 HUF (1,000 HUF = 2.74 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to HUF in detail →

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Budapest Egilsstadir 2,790 km ≈ 4 h nonstop flight

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City Median Internet Speeds Comparison (Updated April 2026)

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Digital Nomad Cost of Living Index

Budapest vs Egilsstadir: Cost of Living - Frequently Asked Questions

Yes – Budapest is pricier by about 160%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,432 per month in Budapest and $935 in Egilsstadir. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,621 in Budapest and $623 in Egilsstadir. That's a gap of about 160%.

Interestingly, groceries are about 142% cheaper in Budapest – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,500 monthly budget goes further in Egilsstadir, where all-in costs run around $623, than in Budapest at $1,621. In Egilsstadir it covers expenses comfortably, while in Budapest it requires careful planning or may not stretch far enough.

Families tend to lean toward Egilsstadir – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Egilsstadir. If higher salaries, better infrastructure, or specific career opportunities are the priority, Budapest makes more sense. Both are solid long-term options with distinct trade-offs.